15516D360CC408F787258951007220A1 Hearing Summary

Senator Liston, bill sponsor, presented Senate Bill 23-107. The bill increases the homestead exemption for seniors and veterans with a disability from 50 percent of $200,000 to 50 percent of $300,000 in tax year 2023 and to 50 percent of $500,000 starting in tax year 2028. It allows seniors who qualify for the exemption to continue to claim it if they move for reasons of medical necessity. The bill will increase state expenditures to reimburse local governments for these exemptions.

A panel of witnesses testified on the bill. Viverly Noiah, representing themself, testified in support of the bill. Eileen Doherty, representing Colorado Gerontological Society, testified in support of the bill. The committee asked question to the panel.

A panel of witnesses testified on the bill. Jody Barker, representing Pikes Peak Area Agency on Aging, testified in support of the bill. Dr. Richard Klodnicki, representing Colorado Springs Chamber and EDC, testified in support of the bill. Chuck Broerman, representing El Paso County Treasurer’s Office, testified in support of the bill.

The bill sponsor gave final remarks.

The committee gave final remarks.